Development Coordinator

Crow Holdings

  • Los Angeles, California
  • 30+ days ago

    Highlights

    Led by a highly experienced leadership team, CHD has developed more than 292,000 multifamily units since 1977 and 77 million square feet of industrial space since 2013 and is a subsidiary of Crow Holdings, a privately owned real estate investment and development firm with over 75 years of history, $34 billion of assets under management, and an established platform with a vision for continued success. Crow Holdings Development seeks a Development Coordinator to support the execution of industrial development projects, with a focus on construction administration, lender draw coordination, contract management, and compliance tracking.

    Numbers & Facts

    LocationLos Angeles, California
    Websitehttps://www.crowholdings.com

    Description

    Crow Holdings Development (CHD) is a leading real estate development company specializing in multifamily, industrial, and office development across high-opportunity markets in the United States. Led by a highly experienced leadership team, CHD has developed more than 292,000 multifamily units since 1977 and 77 million square feet of industrial space since 2013 and is a subsidiary of Crow Holdings, a privately owned real estate investment and development firm with over 75 years of history, $34 billion of assets under management, and an established platform with a vision for continued success. The firm’s ongoing legacy is rooted in its founding principles: partnership, collaboration, and alignment of interests. For more information, please visit www.crowholdings.com.

     Position Summary

    Crow Holdings Development seeks a Development Coordinator to support the execution of industrial development projects, with a focus on construction administration, lender draw coordination, contract management, and compliance tracking. This role is highly detail-oriented and operationally focused, ensuring projects run smoothly from documentation, reporting, and process management perspectives.

    Primary Responsibilities

    Contract Administration

    • Collect vendor contracts and tracks billings against contract values.
    • Notify Development Manager of additional and hourly services and budget overruns.
    • Certificate of Insurance Management – collects, tracks, and ensures compliance of Contractor and Subcontractor COI.
    • Track key dates and deliverables
    • Support reporting requirements for lenders and capital partners
    • Assist with close-out documentation and warranty tracking

    Project Budget Tracking

    • Enter budgets in Yardi
    • Process project budget revisions and Change Orders
    • Meet with the project and construction managers to review project budgets.
    • Maintains an accurate log of budgets and committed costs.

    Invoice Processing

    • Validation of vendor invoices against contracts.
    • Maintains actual costs of construction report, validates contractor payment requests & collects required supporting documentation.
    • Process weekly overhead invoices and special check requests as needed in Yardi
    • Process project invoices according to accounting draw schedule deadlines
    • Tracks vendor payment status.

    Draw Requests

    • Work with corporate accounting to process monthly draw requests according to project schedules
    • Collects required lien waivers and final releases.
    • Review and distribute monthly draws to partners, lender, and CHI internal parties
    • Liaison with bank and development team regarding loan draw necessary documentation
    • Release of payments upon funding

    Audit and Reporting

    • Audit job cost reports for cost overruns and discrepancies
    • Work closely with the Project Management team and vendors and to research and resolve any discrepancies
    • Assist project teams with any questions or needs related to the accounting department.
    • Coordinate with Project Management Team on partner and lender reporting requirements.

    Project Support

    • Support scheduling coordination with contractors and consultants
    • Assist with meeting coordination and documentation
    • Track permitting and inspection status
    • Provide general administrative support to development team

    Desired Skills & Experience

    • Bachelor’s degree in Business, Finance, Accounting, or equivalent experience preferred
    • 1-5 years of experience in the construction or real estate development industry in an accounting capacity preferred
    • Proficiency in Microsoft Outlook, Word & Excel programs required.
    • Experience with Yardi accounting software preferred.
    • Familiarity with construction budgets and pay applications
    • Experience working in a fast-paced environment with the ability to meet short and long term deadlines
    • Excellent time management and organizational skills, with a commitment to accuracy and attention to detail
    • Highly effective written and verbal communication
    • Strong interpersonal skills with the ability to take initiative, multi-task, be a team player and adapt to shifting priorities

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